Originally Posted by
bull....
roughly based on those 2008 results then at current prices pe would be 6.5
75% payout ratio would be 25c - 30c div giving a yield of 9 - 10%
at $4 share price pe 10 yield 6.25% very rough and quick but shows potential upside if the year goes good and the wildcard is they do a bumper div to make up for the last few yrs of hardly anything
If they can lift throughput that would bump up revenue and profit big time
I noticed Z operations update and there fuel sales are well up which is a big thing for a petrol company so i dont think they have got more market share and it is more likely demand is up because of lower petrol price - more driving being done so extrpolated across all petrol companies this extra demand could provide the extra through put at nz refining?
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